1981-040 CRA - Laserfiche WebLink

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May 1, the Tru.stee shall transfer all rooneys in the Sinking Fund in excess of the amount necessary to pay principal of the B.onds on the next succeeding Sinking Fund Installment Date to the Revenue Fund, and pr.ovided further that no such Bonds shall be so purchased during the period .of thirty (30) days next preceding the date of a Sinking Fund Installment established for such Bonds. The purchase price paid by the Trustee (excluding accrued interest which shall be paid from the Interest Fund but including any brokerage and other charges) for any Bond purchased pursuant to th i s Sect ion sha 11 not exceed the Redemption Price of such Bond applicable upon its redemption by operati.on of the Sinking Fund through application .of the rooneys available for such purchase on the next date of a Sinking Fund Installment established for such Bonds. Subject to the limitations hereinbefore set forth or referred to in this Secti.on, the Trustee shall purchase Bonds at such times, for such prices, in such amounts and in such manner (whether after advertisement for tenders or otherwise) as the Trustee in its discretion may determine and as may be possible with the amount .of rooneys available therefor in the Sinking Fund. If on any date there shall be rooneys in the Sinking Fund and there shall be no Outstanding Term Bonds such Sinking Fund shall be closed and the Trustee shall transfer any moneys therein to the Revenue Fund. (B) As soon as pract icab le after the s ixt ieth (60th) and before the twenty-fifth (25th) day prior to the Sinking Fund Installment Date, the Trustee shall call for redemption in the manner provided in Article IV on the said Sinking Fund Installment Date and by application of said Sinking Fund Installment redeem such principal amount .of the Bonds entitled to said Sinking Fund Installment less such amounts of Bonds purchased pursuant t.o subsection (A) of this Secti.on, and on such Redempti.on Date the Trustee shall apply the rooneys in such Sinking Fund to the payment of the Redemption Price .of the Bonds so called for redemption. 606. Application of Prior Redemption Fund. (A) Moneys in the Prior Redemption Fund shall be applied to specia 1 mandatory redemption of Bonds under the circumstances and from the sources of funds set forth in Sections 401(B) and 504(C) and in the manner provided in Section 401(B), (E) and (F). . . . (B) In the event .of optional redemption of Bonds pursuant to Section 401(C), the Trustee shall, upon receipt of the Officer's Certificate referred to in subsection (C), apply rooneys in the Prior Redemption Fund to the purchase of the Bonds designated in said Officer's Certificate at the roost advantageou s price obta inab le with due d ili gence, such price (excluding accrued interest which shall be paid from the Interest Fund but including any . brokerage or other charges) not to exceed the Redemption Price of such Bonds applicable on the next ensuing Redemption Date for such Bonds. Bonds not so purchased may be redeemed at a Redemption Price and at the time and in the manner provided in Article IV. Bonds shall not be purchased pursuant to this subsection during the thirty (30) days prior to a Redempti.on Date fr.om moneys to be applied to the redemption of Bonds on such date. 35 .